St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-30
THE STATE OF TRADE.
Ha . = "A 4 Il VE 4 II ADEs
The Interstate Commerce Law Seri.
Ously Affecting Various. Inter.

The Interstate Commerce Law seri-
Ously Affecting Various Inter.
eSts.
NEW YORK, April 29.-R. G. Dun &
Co.'s weekly 1eview of trade says: s'The
interstate bill is doubtless charged with
much interruption of business that does not
belong to it, but during the past week evil
dences have multiplied of its harmful effect.
By convincing proofs that Boston's export
trade would be destroyed if customary re-
bates and favoring rates were refused, the
commission was led to virtually suspend the
operation of the second section for the ben
eft of the Boston roads. The Pacific rail-
roads obtained exemption and reduced their
rates, except the Union Pacific, which was
by error omitted. In the session at At
lanta the commission was informed of
many projected enterprises, contracts for
which had been suspended until the ques-
tion of rates could be settled. A con-
tract for 5000 tons of paving at Marlboro,
N. H., was refused. the rates beingadvanced
three times as much as the expected profit.
Vast quantities of freight accumulate at
many points awaiting the results of appeals
to the commission. Louisville merchants
offer complaints as to the injury in some
ment but realizes none and finds business
upset. Cleveland is injured in several i'm
portant branches. Pittsburg and Philadel-
phia attribute to the act much dullness,'
and iron manufacturers hold that they have
already sustained a large aggregate loss.
Thus, while reaction after the.exceptional
activity of March was predicted real and
considerable disturbance, certainly results
from the new law, and especially from the
uncertainty as to its requirements. General
reports of trade are nevertheless favorable,
and it is cheering to note how hopeful
spirit is everywhere expressed. Money is
generally in good supply, though in small
demand at Nashville, and light at New Or
leans. Collections continue fair, with
an improvement at Milwaukee and
fected by strikes in building and
manufacturing; very good at Nash
vile except i'll the tobacco trade and
less delayed than might be expected where
real estate speculation RACES. At many
points the unreasonable weather causes en-
barrassment. The condition of the leading
branches of business is apparently improv-
ing. A brighter sky is seen in the boot and
shoe trade, with increasing orders. A better
demand is seen for some kinds of leather
and the prices for the new clip of wool at
the West are higher than was expected
Wheat rose during the week and reacted
again. The battle between Western farm
ers, who think higher rail rates should be
borne by the consumers, and the worlds
markets, which refuse to advance, does not
go in favor of the farmers thus far. OF all
the great industries. the iron manufactured
is most unsettled because interstate changes
may check railroad building, while the pro-
iected increase in production OF iron is
heavy. The business failures occurring
throughout the country during the last seven
days number: For the United States, 1864:
| and for Canada, 81, total of 191, against
100 last week. and 207 for the correspond
ing week of last year.